Latest Mississippi Headlines
All the headlines from our Mississippi Topic Page, ordered by recency.
Resetting State Farm’s Katrina punitive damages
Feb 11 2007 // At the trial of this cause of action, this Court submitted instructions to the jury for it to determine whether punitive damages should be awarded and, if so, in what amount. After deliberating, the jury returned a verdict...
Mississippi – George Dale
Feb 11 2007 // Hurricane Katrina adversely affected Mississippi in many ways and Insurance Commissioner George Dale has been at center stage throughout the recovery process. Since the catastrophe, Dale has maintained that his top two...
State Farm Won’t Renew 2,600 Policies in Alabama Beach Towns
Feb 5 2007 // Facing hundreds of hurricane-damage lawsuits on the Mississippi coast, State Farm Fire and Casualty Co. cited back-to-back years of storm losses in announcing Friday it will not renew coverage for about 2,600 policyholders...
Miss. Commissioner Dale Raised 40% of Campaign Funds from Insurers
Feb 2 2007 // Mississippi Insurance Commissioner George Dale, running for re-election amid criticism of his handling of insurance companies after Hurricane Katrina, raised about 40 percent of his campaign funds last year from insurers...
USAA Defends Its Katrina Response Against Comments by Miss. AG Hood
Feb 1 2007 // In response to a recent pending settlement involving State Farm Insurance, certain victims of Hurricane Katrina and the State of Mississippi, USAA or United Services Automobile Association, came forward to define what it...
Judge Reduces State Farm’s Punitive Damages in Miss. Katrina Case
Jan 31 2007 // The federal judge overseeing the Katrina claims cases in Mississippi has reduced a recent $2.5 million jury award of punitive damages against State Farm to $1 million. U.S. District Judge L.T. Senter ruled that a punitive...
Homeowners win key water v. wind Katrina claims case against State Farm
Jan 29 2007 // Insurer then settles next case without going to trial; U.S. Rep. Taylor calls for Congressional probe of industry claims practices In a Hurricane Katrina claims decision watched closely by the insurance industry, a federal...
Southern surprise?
Jan 29 2007 // There was an important court ruling in Mississippi earlier this month that had the whole industry, not just Mississippians, watching closely. The insurance industry, or at least State Farm, was surprised when the insurer...
It Figures
Jan 29 2007 // $445 Billion Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff...
Mississippi surprise?
Jan 29 2007 // The insurance industry, or at least State Farm, was surprised earlier this month when the insurer lost a closely-watched Mississippi case involving wind and water damage from Hurricane Katrina. “We did not expect...
Wind subsidies for Mississippi
Jan 29 2007 // Mississippi Insurance Commissioner George Dale told members of the state’s House and Senate insurance committees that preliminary estimates show a $30 million government subsidy would cut commercial insurance rates...
It Figures
Jan 29 2007 // $60 billion The record estimated income after taxes for the property casualty insurers in 2006, according to the Insurance Information Institute. $8 billion The estimate of insured catastrophe losses in 2006, down from $62...
Miss. Could Have Policyholder Bill of Rights by April
Jan 29 2007 // Mississippi Insurance Commissioner George Dale held a public hearing on a proposed insurance bill of rights, saying the provisions would help policyholders understand exactly what coverage they have. Dale hopes to have the...
Pricing discipline key to P/C insurers’ repeat performance in 2007
Jan 28 2007 // News Currents Property casualty insurance industry earnings may have peaked in 2006 but that doesn’t mean 2007 will see a reversion to reckless price cutting and relaxed underwriting, according to experts observing...
Figures
Jan 28 2007 // $60 billion The record estimated income after taxes for the property casualty insurers in 2006, according to the Insurance Information Institute. $8 billion The estimate of insured catastrophe losses in 2006, down from $62...
Editor’s Note: Mississippi surprise?
Jan 28 2007 // The case appears to be more about how one insurer handled a particular claim and not a ruling with widespread impact on the industry. The insurance industry, or at least State Farm, was surprised earlier this month when...
Wind subsidies for Mississippi
Jan 28 2007 // Mississippi Insurance Commissioner George Dale told members of the state’s House and Senate insurance committees that preliminary estimates show a $30 million government subsidy would cut commercial insurance rates...
Homeowners win key water v. wind Katrina claims case against State Farm
Jan 28 2007 // In a Hurricane Katrina claims decision watched closely by the insurance industry, a federal judge in Mississippi ruled that State Farm failed to properly settle a claim involving both wind and water damage from Hurricane...
Editor’s Note: Southern surprise?
Jan 28 2007 // The case appears to be more about how one insurer handled a particular claim and not a ruling with widespread impact on the industry. There was an important court ruling in Mississippi earlier this month that had the whole...
It Figures
Jan 28 2007 // $445 Billion Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff...
